New Troy, MI Foreclosures
How much do homes sell for in New Troy, MI?
The average home price is currently $235,349.
What’s the average rental cost in New Troy, MI?
The average rental price in New Troy is $1,361.
What is the most expensive home in New Troy?
The most expensive home sold in New Troy had a price of $719,500.
What is currently the cheapest priced home in New Troy, MI?
The cheapest home for sale in New Troy is priced at $51,000.
Living in New Troy, MI
New Troy, located in Berrien County, Michigan, is a delightful village that embodies a peaceful small-town atmosphere. With a strong sense of community and a variety of local amenities, it is perfect for families and those looking to escape the hustle and bustle of city life. Outdoor activities, local parks, and nearby attractions make it an engaging place to live.
Current Market Conditions in New Troy, MI
The real estate market in New Troy has shown signs of stability, attracting buyers looking for affordable homes in a serene environment. The demand for properties has increased, particularly among families and retirees seeking quiet surroundings with community ties. With new listings emerging, there is a positive outlook for continued growth in the area.
Prices for homes in New Troy vary significantly, with average sales showing resilience against market fluctuations. The area has become more popular recently due to its appeal as a retreat destination and its proximity to Lake Michigan.
Home Value Estimator For New Troy, MI
There are currently 34 real estate properties
in New Troy, MI,
with a median automated valuation model (AVM) price
of $206,985.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in New Troy, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in New Troy, MI,
is $235,349.00, with the most expensive house
in New Troy, MI, topping out
at $719,500.00 and the cheapest home
in New Troy, MI,
clocking in at $51,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in New Troy, MI!
Rent Prices
In New Troy, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in New Troy, MI, is on
a rollercoaster ride. The
average rent price in New Troy, MI,
is $1,361.00. Indeed, when looking to rent in
New Troy, MI, you can expect to pay as little
as $1,080.00 or as much
as $1,610.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in New Troy, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
